Polyspin Exports Limited reported a consolidated net profit of ₹555.62 lakh for the financial year ended March 31, 2026, an increase from ₹410.22 lakh in the previous year. The company's revenue from operations for FY26 was ₹22,952.08 lakh, compared to ₹22,883.86 lakh in FY25. The results reflect the continuing operations of its FIBC division, following the discontinuation of the Textile Division in the prior year.

The Board of Directors, in its meeting held on May 29, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The meeting also approved the convening of the 41st Annual General Meeting (AGM) on August 21, 2026, via video conferencing. The Board recommended the re-appointment of Shri S.R. Subramanian, Director, who retires by rotation.

Financial Performance

The standalone net profit for the year was ₹390.04 lakh, up from ₹378.45 lakh in the previous year. Total income from operations for the year was ₹22,963.28 lakh. For the quarter ended March 31, 2026, the standalone net profit was ₹50.35 lakh, with revenue from operations at ₹5,706.55 lakh.

The company's reserves stood at ₹5,442.46 lakh as of March 31, 2026, compared to ₹4,956.62 lakh in the previous year. The earnings per share (EPS) for the year from continuing operations was ₹3.90 on a standalone basis and ₹5.56 on a consolidated basis.

Board Appointments and Auditor Report

The Board recommended the appointment of Smt. Durga Ramji, Non-Executive Director, as Managing Director of the company for a period of three years effective May 29, 2026, subject to shareholder approval. Additionally, the Board recommended the appointment of Smt. Shwetha Ramji as an Additional Director, subject to shareholder approval.

M/s. Krishnan and Raman, Chartered Accountants, audited the standalone and consolidated financial results. The auditor's report stated that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards. The audit trail feature in the accounting software was operated throughout the year without any instances of tampering.

Polyspin Exports Limited has appointed Smt. Durga Ramji as Managing Director and Key Managerial Personnel for a period of three years effective May 29, 2026. The Board of Directors also appointed Smt. Shwetha Ramji as an Additional Director. These leadership changes aim to strengthen the company's management structure as it continues operations in the woven sack industry.

The appointments were approved during the Board meeting held on May 29, 2026. Smt. Durga Ramji, a Promoter of the company, transitions from her role as Non-Executive Director. She brings three decades of experience in the woven sack industry and previously served as a Whole-time Director of Polyspin Private Limited. Smt. Shwetha Ramji, an affiliate of the Association of Chartered Certified Accountants (ACCA), joins the Board with extensive experience in accounting and operations, having previously served as Vice President – Operation of the company.

The details of the appointments are as follows:

Both appointments are subject to necessary approvals. Smt. Durga Ramji's appointment as Managing Director requires shareholder approval at the ensuing Annual General Meeting. Smt. Shwetha Ramji will also be regularized as a Director during the forthcoming AGM. The company disclosed that both appointees are not debarred from holding the office of Director by any SEBI order or other authority. Smt. Durga Ramji and Smt. Shwetha Ramji are related to each other.